Hints and tips:
Related Special Reports
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...Now the problem is customer complaints about its subprime credit card business, via the Financial Ombudsman Service....
...Full-service banks such as JPMorgan are built for scale — ie getting as many deals through the door as possible — so there’s only so much impact any one individual can make. That’s intentional....
...“As a concept, credit-backed gilt repo is really exactly the same as having credit-backed swaps,” said Simeon Willis, chief investment officer at consultancy XPS Pensions....
...And there are few hotter fads in finance today than private credit. What artificial intelligence is to tech, private credit is to Wall Street....
...Authority for creating “negative and binary perceptions” of charging higher interest rates for risky credit....
...What returns to expect from private credit Should M&A return, it could well energise an already frenetic corner of finance: private credit....
...Before the recent rise in interest rates, this mostly involved gawking at the erosion of lender protections in bond contracts and having fun with credit default swaps....
...The group, which represents the €28.5tn European investment industry, has asked major central banks, which jointly own the CLS currency settlement service, to implement urgent measures to address the risks...
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...That trend holds more broadly, reports Bloomberg: Blackstone Inc. recently sought a $250 million loan at a rate of around 4.75 percentage points over the US benchmark to finance its planned purchase of...
...Bond yields have “come down enough from their peak that we see demand [from companies and households] for credit going forward”....
...“A very strong labour market means, all else equal, strong consumer credit,” Barnum said....
...In 2008, Blackstone acquired GSO Capital, a credit manager with $10bn in assets managed. Today, Blackstone has $300bn in credit assets, even as most of the original GSO brass have long departed....
...It cites examples of Kassan using the fund to pay for an apartment for his personal driver, and allowing his wife to have a company credit card “so she could shop for extravagant luxury goods”....
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
...“There are things you can do to generate improvements in operational efficiency and customer service and, obviously, revenues.”...
...And don’t miss Antoine and Brooke’s profile of Ogunlesi, who rose to head investment banking at Credit Suisse before founding GIP in 2006....
...You, a rube like Alphaville, may have noticed the looming economic downturn and think it’s a bad time to be lending to fast-growing but asset-lite Vapourware Inc owned by investment firms FaceRip Street...
...Paying out SOFR/LIBOR plus, say, 500 basis points is a lot easier when rates were floored, and many more leveraged companies are now probably struggling to service their debts....
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...Chang’s and business technology provider Computer Services Inc....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
Counsel for shareholders who challenged Tesla remuneration will submit request in coming weeks
International Edition